Financial Counselors Inc. Has $14.11 Million Stake in LKQ Co. (NASDAQ:LKQ)

Financial Counselors Inc. grew its holdings in shares of LKQ Co. (NASDAQ:LKQ) by 23.6% in the 3rd quarter, Holdings Channel reports. The fund owned 353,452 shares of the auto parts company’s stock after buying an additional 67,592 shares during the period. Financial Counselors Inc.’s holdings in LKQ were worth $14,110,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LKQ. California State Teachers Retirement System raised its stake in LKQ by 1.2% during the first quarter. California State Teachers Retirement System now owns 437,221 shares of the auto parts company’s stock worth $23,352,000 after acquiring an additional 5,030 shares in the last quarter. Tidal Investments LLC increased its stake in shares of LKQ by 48.5% in the first quarter. Tidal Investments LLC now owns 30,733 shares of the auto parts company’s stock valued at $1,641,000 after buying an additional 10,039 shares during the period. Swedbank AB acquired a new position in shares of LKQ in the first quarter valued at approximately $20,555,000. Atria Investments Inc increased its stake in shares of LKQ by 17.7% in the first quarter. Atria Investments Inc now owns 114,922 shares of the auto parts company’s stock valued at $6,138,000 after buying an additional 17,274 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of LKQ by 165.3% in the first quarter. Cetera Investment Advisers now owns 45,940 shares of the auto parts company’s stock valued at $2,454,000 after buying an additional 28,623 shares during the period. Institutional investors and hedge funds own 95.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on LKQ from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Robert W. Baird lowered their price objective on LKQ from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus decreased their target price on shares of LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Roth Mkm reissued a “buy” rating and set a $59.00 target price on shares of LKQ in a research report on Thursday, September 12th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $53.80.

LKQ Stock Performance

NASDAQ:LKQ opened at $39.13 on Friday. The company has a market capitalization of $10.17 billion, a PE ratio of 14.60 and a beta of 1.29. The company has a 50 day simple moving average of $38.67 and a two-hundred day simple moving average of $40.69. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 1.72. LKQ Co. has a fifty-two week low of $35.57 and a fifty-two week high of $53.68.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. Research analysts anticipate that LKQ Co. will post 3.43 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Thursday, November 14th. LKQ’s payout ratio is 44.78%.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.